Moving the needle with B2B real-time payments in 2021
In 2021 we will see the beginnings of how RTP will play in the business-to-business (B2B) space, as it advances from the initial use cases around consumer peer‑to‑peer payments to become an innovation driver for corporate and commercial customers.
We believe that real-time payments are poised for take-off in the B2B space in 2021. All the elements are in place: the technology, the network, the value proposition, and now the critical mass.
So, what’s still needed to really move the needle with B2B real time payments ? The answer is more education and awareness in the marketplace – opening the way for mid-sized banks in particular to punch above their weight and elevate the RTP value proposition to the higher segments of their commercial client portfolios.
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